Compute the nav of the fund

Assignment Help Finance Basics

Reference no: EM131974031

Question: The FCC Fund is a closed-end investment company with a portfolio currently worth $300 million. It has an account payable balance of $13 million, and 20 million shares outstanding.

a. Compute the NAV of the fund.

b. If the fund sells for $16 per share, what is the premium or discount as a percent of NAV? Compute.

Reference no: EM131974031

Questions Cloud

Explain two ways you could use analytical procedures : PACC6002 Auditing and Assurance Services - company to illustrate the application of ASA 315 and ASA 520, using Analytical Procedures to the audit process

What is andrew and maries net investment income tax : Andrew and Marie and married taxpayers and file a joint return. In 2015, Andrew had a salary of $60,000. What is Andrew and Marie's Net Investment Income tax?

Write six-month call options on bhp shares with strike price : It is February 2017. You have formed a consortium of Monash University finance alumni and your group, currently called Finance Fanatics.

Calculate samanthas annual savings : Assume taxes are 10% of her income per year and that Samantha completely smooth's consumption over her lifetime. Calculate Samantha's annual savings.

Compute the nav of the fund : The FCC Fund is a closed-end investment company with a portfolio currently worth $300 million. It has an account payable balance of $13 million, and 20 million.

Analytical procedures as substantive procedures : PACC6002 Auditing and Assurance Service identify and briefly explain two (2) ways you could use analytical procedures as substantive procedures during the audit

What was last year dividend per share : Fauver Enterprises declared a 3-for-1 stock split last year, and this year its dividend is $1.50 per share. This total dividend payout represents a 6% increase.

Compute the amortization schedule for four periods : Samantha Cordelia, and intermediate accounting student, is having difficulty amortizing bond premiums. Compute the amortization schedule for four periods.

Reflective Essay- Culture and contemporary leadership : MBA401 People, culture and contemporary leadership Assessment - Reflective Essay. What type of leader am I and what are the key areas that I need to improve

User Account

All Pages